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The pepper market continued its southward run on Tuesday on liquidation amid limited activities. All the active contracts ended much below the previous day closing.
There was liquidation and some switching over to November. Activities were limited as is evident from the turn over, market sources told Business Line .
Spot arrivals remained very thin as there were no sellers in the declining market.
September contract on the NCDEX decreased by Rs 430 a quintal to Rs 41,325. Oct and Nov went down by Rs 300 and Rs 215 respectively to Rs 42,595 and Rs 42,465.
Total turnover declined by 82 tonnes to 1,488 tonnes. Total open interest decreased by 107 tonnes to 7,054 tonnes.
Sep and Oct open interest were down by 37 tonnes and 102 tonnes respectively to 677 tonnes and 5,753 tonnes while Nov moved up by 31 tonnes.
spot slips
Spot prices, in tandem with the futures market trend, dropped by Rs 200 to close at Rs 39,000 (ungarbled) and Rs 40,500 (garbled) a quintal.
Indian parity has declined to around $7,750 a tonne (c&f) for Europe and $8,050 a tonne (c&f) for the US.
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